TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.
As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Line of Business:
Financial Crime Risk Management
Job Description:
The Senior Manager, AML Advisory oversees the team and is responsible to develop and maintain all aspects of AML/ATF/Sanctions/ABAC compliance programs for TD businesses and legal entities across TD and include full coverage over global TD businesses and/or corporate functions where applicable. Manage all high-risk initiatives and all escalations.
The Senior Manager for OFAC Advisory will report to the AVP Head of OFAC Advisory and Payments and will support the provision of expert advice and counsel to business lines and functions on OFAC regulations and requirements. This role will lead the team that analyzes transactions to ensure compliance with OFAC regulations, provide guidance to staff on OFAC compliance issues and assist with training, and investigate and resolve OFAC-related issues, including reviewing and escalating potential violations. The SM for OFAC Advisory will need to keep abreast of changes in OFAC regulations and advise management and the business of potential impacts to the bank. This role will require maintaining accurate records and documentation related to OFAC compliance activities, and participate in OFAC audits and examinations, including implementing corrective actions, as necessary.
Depth & Scope:
Provides people management leadership by hiring the best talent, setting goals, developing staff, managing employee performance, supporting compensation decisions, promoting teamwork and handling disciplinary actions, as required
Supports the development of a high-performance Advisory team as a member of the Leadership team.
Oversees and leads a large and/or highly complex and diverse AML/ATF function for an area of significant risk, complexity or scope while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results
Provides oversight to programs for an assigned portfolio of complex and dynamic TD businesses and legal entities
Maintains highly specialized expertise and in-depth knowledge to manage AML/ATF programs for multiple, significant complex businesses, functional areas and/or global business lines
Provides coaching, mentorship and guidance to practitioners, business, executives within area of expertise
Manages and oversees the overall discipline and strategy for the AML/ATF area while aligning to the enterprise best practices
Position typically deals with senior/executive management
Key contact for business management, regulators and external/internal auditors, dealing with a broad range of issues including non-routine information
Key contact for business management, external/internal auditors, dealing with non-routine information
Focus on longer-range planning for functional area (e.g. 12 months or greater)
May manage and prioritize multiple projects at a given time
Acts as highest point of team escalation for resolution and provides direction to resolve issues or escalate
Education & Experience:
10+ years relevant experience
Advanced knowledge of anti-money laundering disciplines, strategy development, consulting principles, lines of businesses supported, banking industry, and product/customer markets
Knowledge of current and emerging competitor and market trends
Knowledge of risk management environment, standards and regulations
Ability to contribute to strategic direction of the function and provide advice to senior leadership
Ability to forecast initiatives and demand in order to develop annual strategic plan
Skill in managing budgets, P&L and resource allocation
Advanced ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
Skill in talent development and performance management
Ability to exercise sound judgement in making decisions
Ability to make an impact, influence and achieve results with effective negotiation, problem-solving and communication skills
Ability to communicate effectively in both oral and written form
Ability to work collaboratively and build relationships across teams and functions
Skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to analyze, organize and prioritize work while meeting multiple deadlines
Ability to work successfully as a member of a team and independently
Ability to handle confidential information with discretion
Preferred Qualifications:
* 5 years of OFAC experience
Customer Accountabilities:
Leads and manages a high performing team on delivery of AML compliance programs and culture
Provides guidance, leadership, coaching and development to direct reports to ensure operational results and professional/personal development objectives are achieved
Provides strategic direction on a broad and diverse range of complex AML/Sanctions/ABAC program activities
Determines and decides policy and/or action based on internal and external industry developments for AML Programs
Proactively advises the business of new and changed AML regulatory and/or policy changes and articulate the impact to their processes and controls
Contributes to the development and implementation of AML Compliance programs related to all aspects of AML and ATF laws
Works with senior business unit management / partners to develop proactive strategies, tactics, policies and programs to effectively manage regulatory / compliance issues
Meets with business partners and business leaders to determine AML strategies and directs the compliance culture
Provides insight, guidance, and recommendation on AML subject matter, regulatory and industry issues and acts as a specialized resource to other departments based on subject matter expertise including, but not limited to, customer identification and due diligence, enhanced due diligence, policy, governance, training and/or compliance assurance and testing
Manages and provides oversight on day to day operations of the department and participate in enterprise wide or Customer focused special projects on behalf of the DGAMLO team
Delivers relevant subject matter expertise and AML/ATF advice to business management
Maintains oversight (via review and approval) of all functions and accountabilities related to management reporting and analysis
Co-ordinates/ Manages the DGAMLO team’s participation in / responses to regulatory examinations and internal / external audits, reviewing, packaging and tracking and providing information for department executive
Shareholder Accountabilities:
Develops and oversees the implementation of business line policies and DGAMLO Team procedures
Works closely with leaders to develop and operationalize the business plan and deliver on AML/ATL/Sanctions/ABAC programs across the enterprise
Plans and executes on strategic activities, review and communicate results, and adjust tactics accordingly
Proactively identifies key business opportunities, research and recommend enhancements / modifications, develop strategies to achieve recommendations and work closely with team to execute and implement
Understands TDBG issues / parameters and guide others to protect the reputation and interest of TDBG by adhering to operating standards and processes related to AML/Sanctions/ABAC
Coordinates and supports team and business AML/ATF related activities as necessary
Provides oversight on enterprise wide annual risk assessment process as required
Protects the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
Keeps current on emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Liaises with regulatory and law enforcement agencies on AML examinations and related inquiries
Ensures employees are building and enhancing their knowledge and expertise; and employees assume responsibility in minimizing e operational and regulatory risk by complying with Bank policy and Code of Conduct
Employee/Team Accountabilities:
Responsible for management of the overall team providing both leadership and guidance
Contributes to the development of business line and/or enterprise functional strategic priorities within their operational area or field of specialty
Leads a high performing team; provide on-going feedback and performance reviews, coach and develop employees and ensure performance management activities are undertaken and completed for all employees
Leads the process of setting performance objectives for the team; track, monitor and effectively address and/or reward performance in a timely manner
Manages employees in compliance with all human resources policies, procedures and guidelines of conduct
Shares knowledge, information, skills, and subject matter expertise among the team and ensure the timely communication of issues and encourage good working relationships with other functions and teams
Supports an environment where team freely escalates business challenges; facilitate change through positive reinforcement of milestones and successes
Recruits for all hires to ensure a highly diverse, qualified workforce to achieve business objectives
Establishes and fosters a cohesive team; promote a fair and equitable environment that supports a diverse workforce and encourages the team to achieve common goals and objectives
Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally
Physical Requirements:
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Kneeling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
Who We Are:
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards)
Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
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